Smith & Wesson making money
Well, at least one gun maker's fortunes are improving. Forbes notes:
On a day when most stocks nose-dived, gun manufacturer Smith & Wesson (nasdaq: SWHC - news - people ) shot up 5.09%, or $1.02, to $21.06 on Friday.
On Thursday, the company reported record earnings of $74.4 million for the quarter ending July 31, and raised its guidance for the remainder of the 2007 fiscal year. Analysts attributed the gun maker's recent success to its product line expansion.
“Smith & Wesson has done a phenomenal job moving beyond the handgun market to include long guns like rifles,” said Eric Wold of Merriman Curhan Ford & Co. . . .
On Thursday, the company reported record earnings of $74.4 million for the quarter ending July 31, and raised its guidance for the remainder of the 2007 fiscal year. Analysts attributed the gun maker's recent success to its product line expansion.
“Smith & Wesson has done a phenomenal job moving beyond the handgun market to include long guns like rifles,” said Eric Wold of Merriman Curhan Ford & Co. . . .
Labels: gunmakers
posted by John Lott at 12:22 AM
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